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Sliebler's TST Trading Journal


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Sliebler's TST Trading Journal

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  #1 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I am looking forward to keeping track of my trading. I think it will really help stay focused and organized. Hopefully I won't need to use the discount offered


Cheers

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  #3 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received


It was a pretty amazing feeling to be back on the platform and Squawk Radio. Definitely something I enjoy. As for my trading. I am going to probably spend the next day not sleeping and going around all the charts to see what lies ahead of me. So far it looks like Equities are lining up to be extremely fun as well as Oil. But that is always likely to change as more bars print.

So my goals for tonight and tomorrow is fill up a notebook with numbers and start to put some ratings on some markets. Also doing some serious review of my edge on a whole to help fight any kind of impulse trading. Hopefully keeping this journal, as well as a Trade Journal in Excel (which is actually in Google Docs and I will gladly post the link on here at the end of every trading day) will help slow things down a bit and give me a chance to consistently clear my head.

Very excited.

Check back soon

CYA

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  #4 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I traded 6B today and really started fair... I played my edge and was stopped out break even . later in the day I got a a little anxious and got in out of excitement and the trade ended up being completely against my edge. pitty...

Overall the loss was little.

Side note I had a few pages in my notebook analyzing a few different markets. including crude, gold, and 30 yr bonds. some of which made the move others are still waiting.

Crude obviously was a big one. I was bear on it from last night and I failed to properly execute the order. Which is just a reminder of how I need to NOT hesitate on executing my trades.

All in all the big thing to remember is that there is never a shortage of opportunity. EVER. and I am far from discouraged and am looking forward to the next trade and the next opportunity to learn.


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  #5 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

Today my goal is to work on ENTRY and PLACING MY STOPS better, actually I really hope someone in the chatroom will have some advice on finding good entries and placing stops... Obviously this is where I lack the proper knowledge. Second I am just going to keep sticking to my plan. waiting for the right set ups. I know my stuff works, but sometimes I don't let it.

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  #6 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

Woke up with the birds to trade the European Open... not smart... took a bad oil trade that really didn't make it to easy to go back to sleep... but that is okay.

I stuck to my goals and worked on my entries and stops. succeeded. but could still use some improvement.
stuck to my edge and waited all dang day to get into a trade. ended up back on the 6B wagon. actually right before the fed release without thinking. luckily I moved my stop for a measily profit. once that slowed down it really ended up being a great setup. more opportunity than my first entry. and closed in my stop for a nice little gain. nothing crazy, but I am proud of it.

Overall I was actually having a blast waiting around, journaling, and watching for my setups to be rock solid. Actually while I am writing this there is a good one back on 6B. but oh well. There is so much opportunity in these markets its mind blowing.

Anyways, here is a pic for ya. nothing fancy. be back tomorrow. Bright and Early.


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  #7 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I have been watching the 6B short. and have been semi happy with the results. I could (and will in the future) do better. Due to my late start today I have decided to sit back and watch, journal, review etc.

I did log on and notice something though. The pound taking a big dive. and, as in the title, for what its worth I think it is healthy to not necessarily make the trade that your edge predicts but to just review the market action that comes after your prediction, review it, and take notes as to what could have been done better. So, I have put a picture on that is pretty cool and helps at the very least build a little confidence.

Disclaimer: I am a rookie and all trades discussed should be taken with a grain of salt.


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  #8 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

Today was just a lame Trading Day, I didn't do anything I should have done, and it would have been better to probably sit out.

First off I started with a trade last night that went on into the morning, this trade was valid and played out how I had planned... but for some reason I turned it into a loser.

Then I had this weird inclination that I should keep trading without stopping to clear my head and plan my next move (you can see where this is going). I am not looking forward to putting these trades into my trading log... to say the least.

This weekend is going to be good to just slow down and go over all the markets again to see where I stand, what I need to do, and where the opportunity is. I've got a little ground to cover before I am back to being on my prime.

More to come.

Sliebler

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  #9 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I have written in my journal all the things I did wrong today. Or tried to until I ran out of ink. but once I stole a new pen from the waitress at the bar, I started on a little prerogative. I was going to keep it in my journal, keep it personal. Whats the fun in that. If it can help at least one person trade better than I would never regret sharing.
That's how sweet I am.

Enter the grammatically challenged world of My Journal.


Aug 23 S&P disaster:

I was very irresponsible today, I accept that and can only see it as progress. I took my system and my rules AND the basic rules of trading and threw it out the window. Looking back, I was never giving myself an opportunity to really use my "edge" that I have been working so long and hard on developing.

For starters, I NEED to review every trade idea B4 I make it, hands down. No matter how little time I may think I have. Write it out on paper and clearly decipher the reasoning's behind my trade idea.

+ Before I make a trade I MUST -

Make a decision on market direction based on my specific approach and analysis. Any indication of market direction based on my approach any short term price action and should always be considered before making a trade. The ONLY time a trade should be made in the opposite direction will require careful consideration and strong indication and should be taken only if a target of a reverse position is in future outlook. This includes indicators that will only in the end support the overall bias. This is a requirement and my bias will always be reconsidered and will remain fit and according to my long term bias. ( if that makes sense)

Once a trade is identified and meets ALL criteria I need to carefully and properly not it and explain it in an objective form and confirm it is not based on emotion. I will be constantly aware of the big picture bias I have developed by using my edge and criteria. I will also be ready to act on a trade without hesitation and second guessing.

I will not be Wooed (spell check that) by the idea of profits and money in general. Money is second to a proper trade. and disciplined trading. I need to compose myself every-time I start thinking about money and even stop trading until I can refocus on the real profit which is making a proper and well executed trade. That is more rewarding than the $$.

I need to focus on the HERE and NOW and never let a trade (more specifically a bad trade) get to me. All I can do is sit back and analyze the market and identify why the trade happened the way it did and whether or not it was due to an emotional state and mis-judgment or if there was something that market was teaching me and something I can apply to my system to improve it.

I HAVE to know when to quit. If I catch myself making exceptions, trading on "hope", taking trades that weren't properly planned, not caring about things that I usually do, than I need to walk away and hit my head on the wall. or just take a cold shower.

I need to regularly revise and review my bias on a market. Always looking back and making sure things are still going the same way.

If I find myself making trades, or attempting to trade a market that I haven't been able to successfully build a bias on I need to get lost. away from the computer.

I need to consistently Humble myself. and never think I can do this without taking the time to identify and implement my edge.

I must never let a winner turn into a loser. OR let a loser get away from me in a bad way. NOTE: Be f*#ing quick to get out of a trade that is proving me wrong.

and I must always let this list grow for the better. revising it like I do my system.

Questions to ask myself before entering a trade:

Whats the major trend?
Why would it reverse?
Why would it go down or up?
Is there a reason to believe there is a reversal in the near future I should watch for?
Is there a clear and concise reason for it to move in a certain direction and what is that direction?
Have I gone back to see if anything has changed or developed that might change my bias?
what are the levels or numbers that may effect the markets movement or give me opportunity?
Have I written down all of my reasoning for a pre trade review?
Have I read aloud my personal trading rules and general trading rules?
Have I taken into careful consideration historical price behavior for that specific market?
Have I planned what I am going to do with my stops and what I am going to do IF I get stopped out?
Have I read my affirmations for the day (if you don't have any find some) and reviewed my checklist and re-read this awesome post?
Am I free of trade worry or am I catching myself having FOMO (thanks sandrak) symptoms?


This is what I have in my journal for today. now time to kick back, review, and turn on Blues Traveler Radio. A good way to start the weekend right?

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  #10 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received


I have no trades to post, but I figured I would sum up my journal for the day anyways.

Entry 1

When forming a bias (this is unique to me and my system as far as I know but take it and run with it if you'd like)

Using MY approach to determine major trend direction. and trading with an open mind on short term direction I feel leaves my mind open to the idea of the market being unique and having the ability to move in either direction. this makes it (I feel) really easy to be objective and open to the truth behind what is going on. As opposed to being stuck on one definite direction and missing out on an indication of reversal. Keep the mind open to opportunity.

Entry 2.

Emotion.

This is just a hypothesis, but when journaling Friday and committing to several requirement to make I trade I have noticed that there is a significant decrease in anxiety and emotion involved. maybe this is due to the fact that a lot of the burden is placed on the system and and if all the loose ends are covered and the criteria is met to a T than the need for anxiety is passed on to the system itself. In reverse I am considering the idea of emotion in a trade as an indication that I missed something. So to confirm the trade or toss it I need to review my reasoning behind the trade. this will allow me time to relax, and confirm I took the right steps and followed my plan/rules.

Just some food for thought.

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  #11 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

This monday I have been watching crude and S&P. I only managed a couple trades in the S&P. Which were stopped out. It is extremely clear that I have the right idea w=of what I need to be doing, I just need to perfect the act of actually doing it. I have to keep internalizing my rules and acting on them.

I know my edge is profitable and has a great probability ratio. I just need to perfect implementing it in these markets and using it in the right way. Actually applying its rules to my markets.

One thing I thought about today was the need to be more organized about my system. I might be slowing my progress down by not actually laying out my system in an easy to implement way. hard to explain to someone besides myself. but right now it is just a bunch of information and needs to be organized in a way that can be implemented without having to think about it a whole lot.

More to come.

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  #12 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

Not even an attempt like yesterday. I am just watching and seeing how the markets are playing out. Which is really interesting because I am learning so much just by doing so.

I am still on ES & Crude.

One of my big problems, I believe, was the habit of seeing the market from a bad perspective. What I mean by this is, I thought I was thinking about the forces at work in the market but I was trying to out-smart them. I actually owe a good bit of Credit to MtnMan from TST. I don't know if he has a profile on here but I digress.
He mentioned something about playing the people that are making the plays. Something along those lines. The dude is a boss and that the point I am making, by applying the perspective of outsmarting the smart people, I look at the markets in a way that opens my perspective to a lot of different explanations of past moves and future moves.

Fun stuff.

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  #13 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I actually put on a trade today, and as you (if anyone reads this thing) know I have been working on following my system which really becomes more clear and concise everyday.

So I was short the S&P, which is the way I told my self I was going to trade from building my bias.

Entry @ 1641.25 and got out right after the closing @ 1635.50

I am particularly interested in this trade, as much as I am with my losing trades. because I was able to do this trade with little to no risk. the thing I should note though is that it took my two attempts to get in the trade so that took a little bite out of my totals, and added to the risk. but overall it was a 3:1 reward to risk after accounting for the first failed trade and the re-entry risk. so that isn't to bad. maybe there is a way to help that number by looking closely at what I did wrong on the first entry that hurt me. Actually I think the answer is simple in that I didn't wait for a confirming pattern. and on my re-entry I did trade a confirming pattern. This will be something I study for a while. especially when I am watching charts tonight to see if these patterns can be the necessary ingredient for fixing my entry issues.


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  #14 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I know yesterday was a decent trade, and I still have a long way to go before I can really do that consistently, but I wanted to take some notes out of my journal that I wrote while I was actually in the trade. I think that it is really important to remember that.

During the trade Journal Entry;

(take note also that these notes are hardly legible)

I took a short in S&P and was knocked out, which is okay I will notice that I didn't wait for a strong confirmation. Like the one that was soon to follow after I was stopped out the first time. Once this confirmation was in place I re-entered and I am very confident in the entry and trade overall. My targets are marked out clearly on my charts and I am trying to accept the risk. So, I am happy, but I am extremely nervous. My sight sucks actually and my hands are shaky, is this normal? wtf? This is obviously something I have to work on. I may need to walk away or at the very least get out of the Minute charts and maybe allow myself to keep my confidence up and see that my system is at play here and that's why I am in this trade. I am in the green and that takes a HUGE amount of nervousness away. When the trade is not in my favor even by a little bit I get petrified lol. This is obviously me just needing to work on my confidence in my system and also accepting the risk.


So that is what I wrote in my journal, and looking back I am extremely glad I did that and will continue to do so when I make trades.

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  #15 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

This really isn't going to be much about the trades as it is why it happened.

But first I want to point out something that has been happening and then assess the situation here.

I have watched several setups run right by me in the past week.
"Yeah yeah it happens" I can hear you saying,

But the fact is I am getting setups and for some reason when I should be trading and validating my system, I let the opportunity slide by me. This need not be made into a big story/situation because that will just slow down fixing the problem. After all problem are only as big as we make them. So with that in mind, maybe it would be wise to tackle the situation systematically, when I see a trade that fits my system I need to make it. no thinking. Just make the trade. forget the risk. Then if it is a sour trade I can look back at what I did wrong, and fix it in the future. taking it one trade at a time, and at the same time building a great amount of information from each. focus on my system and what needs to happen in the market to validate the trade and just make it happen.

In summary, Focusing on the setup, and looking for the check boxes to all fill and then embrace ignorance. after the trade is over return to that trade and analyze what happened. I can't learn if I don't trade. all I can do is say, well that would have been a great trade.

Thanks for letting me get that off my chest. I think I just solved my problem.

Now on to my past two days of trading... which consist of two trades.

One in S&P. which was a short that I waited on all day. had to leave the house, and stopped myself out for a tiny little profit.

The next one in Crude was much more interesting. In short I was, well... short and very immature with the trade. Let me play this out for you (or myself in case nobody really reads this thing). I woke up glanced at the charts and put on a trade. took the dog for a walk and was stopped out. not a big loss by any means, but I'll be damned if I didn't break every single one of my rules lol. I put on the trade in the exact opposite of what I should have done. This could be drug out into a big mind F*#@. but I won't do that to you or myself..... I'm just kidding. I am going to drag this out.
I put on this trade and right off the bat broke my big rule. enter on retracements and trade in the direction of the major bias!! what the heck! I was just telling my buddy about that one bad day I had where I was trading with a dartboard. Then what did I do? EXACTLY THAT!!
Let consider that for a second, what if I had been explaining to him a great day? was I putting more focus and energy on that bad day instead of focusing on the good days and the good trades? I mean one would think that is irrelevant, but I don't think so. I think a big step in making a great living out of this is forcing your subconscious mind to know every little detail of a good trade in and out. essentially gaining unconscious competence. and right now I am consciously incompetent. Or I had a moment of it at the very least.

I think of the subconscious mind like a fertile garden that unless the proper seeds are sown it will get full of weeds and damned critters. I think I read that in Think and Grow Rich. but it is how I feel. but why is it that when I have the opportunity to sow seeds of success and become a great trader little stuff like that get in there?

I think I figured it out. actually while I am writing this I am figuring something out. I need to ingrain into my mind day and night the proper seeds. but what do I do with the bad moves I make? I learn from them and turn them into positives. Ex. Bad trade, get in to early and get stopped out, okay okay. first off that's not all bad. my overall trade wasn't jeopardized. If the trade is still valid I can get in at a better spot. but what went wrong in the first place? I was in to early and should have waited, what could I have done to prepare better for that? did I not wait for a good confirmation? probably not. to summarize I can take a loser and take lessons from it and continue to put good seeds in my garden. Admit, a person could have looked at that trade and put away as,"the market is against me! I can't believe that BS happened! I am a bad trADER" etc etc.

This is where I need to work for the next week.

Also I will note that this morning I DID NOT do my routine and affirmations... I guess I didn't let myself settle down first. but I will say that I was in a totally different frame of mind for the entire day.

Well Thats really all I have right now. if you could make any sense of that it I give you props.

Sliebler out

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  #16 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I have been trading crude oil because it has been a perfect market for my setups.

The problem I have been having is entries, and proper stop placement.

I think I need to more correlate my stop distance with my targets and look closer to the levels.

More later

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  #17 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I haven't been trading very often... and I know that doesn't make for a very exciting journal. I think, though, it let's me really sit back, ponder and observe my trades and really think in terms of how trades really apply to life and more importantly life applies to trading.

There are things in trading that can teach a person about life, and the same goes for life applying to trading. I can't count the times that I have just been enjoying my day and things just click. Something happens that ultimately answers a question in regards to trading.

I think that this works for everyone and their trading styles. And for me that is watching markets and taking a few trades when the time is right.

I need to talk about how all this ties into my recent trades. My best example would be my crude oil short the other day that I was stopped out of before the move was initiated. This was extremely discouraging, I knew what needed to be done. I knew my odds and I still couldn't take full advantage of the move. I know I talked about this in a previous post, but it really made me wonder what mental barriers were in my way of reaching my goal and really creating a measurable system. Obviously there was a variable in my system that was out of place to keep me from initiating a profitable edge and one with high probabilities at that.

But I think that it takes on a new meaning when you think about it in terms of your "Mental Edge" and having the ability to trade like a professional. that in itself makes for a profitable trader. Probably more so that the best edge in the world. And in the quest of achieving that goal there is a fine line between life and trading that should be noticed. ot at the very least they are one in the same with a blurry line between them. Noting that lessons in life can improve and be applied to trading. and lessons from trading can clearly be applied to life and make it significantly better. This may be obvious to some. To me its fascinating and an additional point of inspiration.

I guess that trading is just a way to learn and grow as a person. just as anyone could make anything into a growing experience. trading is mine. and with every trade there comes a considerable amount of learning and growing. which may be why I prefer to trade so little. because I enjoy putting a large amount of weight and meaning to trades. learning from every single one..

More later.

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  #18 (permalink)
Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
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I really have some work to do, I haven't been writing in here for a while and that isn't good.

But What I need to focus on is what is going on that I can't seem to catch a break


I have been trading crude oil and it is like it is always one step ahead of me.

This journal has become more of an emotional/mental journal as opposed to writing about all of my trades in detail.

Which is what I feel I need. So, what I am going to try and work on is figuring out why at the beginning things were fine, my edge was working and I could manage some good trades... and now I can't seem to win. something happened.

I trade options outside of the combine and I have done wonderfully... is it the pressure of the combine? am I letting the rules of the combine deter my focus and keep me out of trades I would normally take to make money?

These are the questions I am going to work on this weekend.

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 PandaWarrior 
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Slieber View Post
I really have some work to do, I haven't been writing in here for a while and that isn't good.

But What I need to focus on is what is going on that I can't seem to catch a break


I have been trading crude oil and it is like it is always one step ahead of me.

This journal has become more of an emotional/mental journal as opposed to writing about all of my trades in detail.

Which is what I feel I need. So, what I am going to try and work on is figuring out why at the beginning things were fine, my edge was working and I could manage some good trades... and now I can't seem to win. something happened.

I trade options outside of the combine and I have done wonderfully... is it the pressure of the combine? am I letting the rules of the combine deter my focus and keep me out of trades I would normally take to make money?

These are the questions I am going to work on this weekend.

I shall be interested to hear what you come up with. I read your journal. It started with some excitement and promise and now its more about fixing something inside. It always comes down to this. Fixing whats inside. And now that you're there, I am very interested to hear the results.

Cheers

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

Like I said in my last post, I was going to spend the weekend really thinking over WHY the combine has been as difficult as it has been, compared to my other trading. I am sure a lot of people experience this given the mental strain and stress that comes with the combine or a funded account. It is something that causes emotion which naturally causes blurred decisions.

But I had a good point of reference this time that really helped me get a good picture of what was going on. and let me lay that out in detail, my problems.

So here is a breif overview of the information I am working with. Minus any trade strategy details.

I have a 30K 20 day combine. of which I am far from passing. This due to my lack of good trades lol.

My reference point,

I have a 25k option account of which within the first three days of trading (if it was a combine) I would have been cleared for take off. given I will need to prove myself for the additional 17 days, I could manage the wins. but regardless, these trades have been effortless and rewarding.

So with these two situations, the combine rules and guidelines, and the differences and similarities laid out in front of me, I am able to really take a look at this.

?'s (1) What are the differences in emotion, (2) thought process, (3) decisions to make trades, (4) reasons for making trades, (5) and end results of trades? these are a few questions I had to answer.

OPTIONS ACCT:
1. I had no emotion, I made the trades based purely on my "system"

2. I was looking very objectively at the markets and found the opportunity based on this thought process, Where is the market going? How is the current market behaving in relation to that direction? are there good indications that the market is still goin to beave properly, good enough to make a green trade? are there any contradicting indications that would make for an invalid trade at the moment? What will need to happen to require me to re adjust my technical analysis and the market? do I have the piece of mind to know that if something goes drastically wrong I can protect myself? no forcing the trade, just clear reasoning and no second guessing.

3. as mentioned before the opportunity was clear and I seized it

4. I based my reasons for the trade on my system and knowledge of the market, knowing that I had the odds in my favor and I saw my target far in advance. I focused on the markets action, and made the trade. I focused on the opportunity and the set up because I knew it was good. The only "risk" I was taking was calculated into the odds.

5. Trades ended in success.

FUTURES:

1. My emotions are controlling, they are constant and demanding, I have emotions from the second I look for a trade

2. My though process is, where can I get in that I won't get stopped out? Where is the market going to turn around that it won't hit my stop? How can I place my stop that won't be to much risk and at the same time will not get stopped? Is the market going to go up or down? I don't know what I am doing... this is crazy I need to just make the trade. ( this is really what happens, I totally lose my ability to clearly identify my trading opportunities)

3. my decisions to make trades have been purely based on my idea that I need to just make the trade and try fight through my emotions...

4. My reasons for making the trades were because I thought that I might have good chance of not getting stopped out...

5. trades... well you know how they ended up...



The weekend really didn't give me any good ideas or solutions. It wasn't until I opened up my accounts today that it really hit me, what I had been doing with my options trading was purely focusing on my system and development of trades, looking entirely at what the market will do...

Compare this to my combine and every trade I have been making in it... I have put my entire focus on entries and stops. Trying SO hard to get an entry that wouldn't get stopped out! That is something there. Personally I believe that the way one looks at the market determines the actions taken... so With this information, it is EXTREMELY clear that I was simply looking at these two markets in separate ways. which ultimately (IMO) determined the outcomes and results.

I have traded option with an opportunistic and objective perspective and I have been trading futures with a fear and indecisive perspective. It is obvious now how incredibly skewed I allowed myself to get. I spent a lot of energy worrying about my loss limit and draw-down that I was unable to identify good opportunities or even effectively use my edge the way I intended and designed it. Which answers my question as to why I had some success at the beginning and now I am seeing nothing but failure.

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Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

There have been a few trading opportunities that have really let me test my mental prgression and before I get into that I will first go into where I am at and how I got there.


I started with this situation where I was basically "lost" and not making trades that represented me or my system.

What I responded to that situation by doing is taking a weekend to really ask a ton of questions. Questions not about my system but more importantly my psyche.

What I noticed was a lack of conviction, a lack of confidence and a lack of follow through. with all of these things going on I couldn't make any progress towards improving my system because it was perpetually inconsistent.

SO what I resulted in doing (and kind of by luck or law of attraction whatever you wanna call it) was picking up a book that was about building beliefs and reinforcing new ways of thinking that move a person in a positive direction. Kinda crazy really.

What I did basically overnight was write go through and analyze my past trades, my thought processes etc and reorganized them to develop confidence in my trading. to develop the belief that I am a successful trader. This in turn results in every trade that I make, whether right or wrong is put into a positive and reinforcing light. making the belief stronger and the confidence higher.

I need to continue on this path. especially during my trades. reminding myself of the important things and the important perspectives. I can trust myself. Simpy put...

And to think, this all started with a little damn options account

As far as some trading goes I have been able to improve it 100 fold in a short period of time because of my consistent approach and veracious note taking. continuing to improve.

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Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I finished last week with a losing trade. not that it was uncomfortable or upsetting, I admittedly was wrong, but what I didn't realize until Saturday was that one of my strongest signals is a failed signal.

This seems random, but it's not... because after everything that I have put myself through it represents my perspective and how I respond to my trades now. with an open mind. Ready for all opportunities and perspectives (as long as they are mine )

The biggest thing for me right now is patience and perspective. that is what it all boils down to. (for me)

I have organized my progression by asking myself daily these questions,
"what 20% of my actions are causing me 80% of my problems?,
what 20% of my actions are causing me 80% of my successes,
what could I fix right now to reduce my bad trades and deficits by a measurable amount?,
What can I fix right now to increase my good trades and surplus by a measurable amount?"

What this has done is significantly decreased the learning curve and the common problem of trying to fix everything at once. (because we all know multitasking is NOT effective nor efficient and results in a job NOT well done)
I could eliminate the most problematic things in my trading and mentality in order that trimmed the fat down to very little. and you can do that opposite to improve the good aspects of trading.

Now you may be very familiar with this learning style, so let me explain why I am reviewing it... it has obviously brought me to fixing mental problems and assessing the good 20% of "pea plants" in my head that produce 80% of my peas (LOL). and nurture them to produce more in return.

Very little of the problems I assessed during this combine were involving my trading strategy... this is very peculiar to me. As Panda mentioned this blog thing started off with me showing you some trades and what not. but the ultimate goal was to excel and improve at the greatest pace without sacrificing quality of learning and development. So what does it mean that keeping track of my development led me to improving mental analysis over my trading system?

a guy (me for sure) could make this complicated... I don't ask for responses but if you feel like adding to his please do,
Einstein said that "if you can't explain something simply than you don't understand it well enough"

So explain trader development and becoming a success in simple form

This is what I make of it:

"development, discipline, relinquishment and the pursuit of unwavering faith in decisions"

And the more I think on this the simpler I can make it... but ultimately a guy has to trade to be able to extrapolate the meaning behind that...

HAHA sorry for sounding so crazy.

"trading is...

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Slieber
St. Louis, Missouri, United States
 
 
Posts: 25 since Aug 2013
Thanks: 2 given, 15 received

I don't know if this will for sure be the last day doing this combine. it will be if I have a trade to put on, but I want to review wqhat I really learned in the combine and also really give props to TST for the awesome learning experience that I couldn't have gotten anywhere else.

First and foremost I want to say that hands down this has brought me to a whole new level of trading. Measurable progress in my trading abilities, that is for sure.

I will try to keep this short and simple because I think that is a virtue of a professional trader.

I have learned that you dont have to know the most complex edge in the industry to be extremely successful.
On the contrary, you can have an extremely simple edge and still do very well.

The most important part of being successful in this business is perspective.

The perspective I have on the market is going to decide how I interpret the information that the market provides me.

The market is undoubtedly neutral, and does nothing but provide information and opportunity to act.

and in this arena of infinite possibilities and really no rules... we have to make rules to survive. we have to hold ourselves accountable for everything that happens. and know that we are in control of our results.

It is in our nature to want to relinquish responsibility and that must be addressed and corrected.

To be consumed with indicators and market information is a black hole. and will only keep a person in the dark on the road to success.

we must know how to take an edge and be disciplined so that we can work on the mental aspects of trading. this is the true edge in trading. We must know how to see the market and interpret the information. If we see the market in a way that is based out of fear and worry than that void in our minds will be filled...
If we can keep our minds open to opportunity and possibilities this will also be filled. the information we interpret is based strictly on our interpretation of information.

the things we see traders do, like encounter that same problem over and over should be seen as an opportunity to learn and improve, not on our analysis but on ourselves.

For now there really isn't much more to say or at least I can't think of to much more to say.

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